The year 2020 is like no other year I've experience. How about you? Unfortunately, some things never change and taxes is one of them. With that said, here are some quick tips to consider as we go through the holidays and right into 2021 tax filing season:
As you can see, the biggest beneficiaries of the stimulus package were businesses who employed staff to fulfill the business' purpose. Note, however, Sole Proprietors, Independent Contractors, and Self-Employed individuals may also be eligible to apply and receive a forgivable loan.
We are experiencing some difficult economic times, so ensure to make use of any opportunity available to mitigate those difficult circumstances.